Solana (SOL) Faces Critical Test at $76 Support Level as Bears Target 22% Decline
The post Solana (SOL) Faces Critical Test at $76 Support Level as Bears Target 22% Decline appeared on BitcoinEthereumNews.com. Key Takeaways Solana has declined 3% on Wednesday, approaching critical support at the 50-day EMA positioned at $76.67 ETF inflows for SOL plummeted to $1.67M on Tuesday, a significant decrease from Monday’s $8.36M Open Interest contracted 4% over the past 24 hours to $5.31 billion, indicating diminished trader engagement Technical analyst Ali Charts cautions that failure to break through the $79–$85 resistance zone could send SOL tumbling to $53 Market participants Scient and Ryker are monitoring the $74–$77 range as a critical support area before any bullish continuation Solana (SOL) has posted a 3% loss on Wednesday, continuing a downward trajectory that initiated following a rejection at a long-standing overhead resistance trendline around $83.94. Solana (SOL) Price This pullback has brought SOL perilously close to a crucial technical support area at $76.6